Impact Healthcare REIT plc (ticker: IHR), the real estate investment trust which gives investors exposure to a diversified portfolio of UK healthcare real estate assets, in particular care homes, today announces its half year results for the six months ended 30 June 2020 and its Q2 2020 dividend.
Please see the attached document for the full RNS release.
Rupert Barclay, Chairman of Impact Healthcare REIT PLC, commented:
“The Group works closely with all its tenants as they continue to provide an essential service to the communities in which they operate. We remain a long-term business and the Company’s healthcare portfolio continues to provide crucial social care infrastructure supporting vulnerable elderly people across the UK. We are confident that, despite the short-term uncertainty produced by the pandemic, the fundamental drivers of our industry and business remain strong.
The Company’s business model remains robust and resilient as demonstrated by the Group’s 100% collection of rent due for the year to date and we continue to be well positioned for the short and longer term. We remain well capitalised, with a strong balance sheet and have significant liquidity and headroom, which together leave us well placed to continue to deliver value responsibly for all our stakeholders: our tenants, residents in the care homes we own, our tenants’ care professionals and our shareholders.”
As levels of uncertainty created by the pandemic peaked at the beginning of the second quarter, we knew we had built in a number of buffers from earlier strategic decisions that had been taken. These included:
We also knew that our tenants provide an essential service, demand for which is not directly correlated with the strength or weakness of the economy.
The key tests were whether our tenants were able to continue to provide good quality care during an exceptionally challenging period; and whether we continued to collect 100% of the rent due, without putting undue stress on our tenants. There may be a second wave, or other challenges which lie ahead, but we are confident that lessons have been learned and pleased with how well the Group and its tenants rose to these two tests.
Post balance sheet highlights
Appointment of Joint Corporate Broker
The Company is pleased to announce the appointment of RBC Capital Markets as its Joint Corporate Broker alongside Winterflood Securities Limited with immediate effect.
The Company presentation for investors and analysts will take place via a webcast and conference call at 9.30am today.
For those who wish to access the live webcast, please register here: https://www.investis-live.com/impact-reit/5f1fe575a6d0961200125f51/sfse
For those who wish to access the live conference call, please contact Maitland/AMO at firstname.lastname@example.org or by telephone on +44 (0) 20 7379 5151.
The recording of the webcast/conference call will also be made available later in the day via the Company website: https://www.impactreit.uk/investors/reporting-centre/presentations/
For further information please contact:
Impact Health Partners LLP via Maitland/AMO
Winterﬂood Securities Limited
Tel: 020 3100 0000
RBC Capital Markets
Tel: 020 7653 4000
Maitland/AMO (Communications Adviser)
Tel: 020 7379 5151
The Company’s LEI is 213800AX3FHPMJL4IJ53.
Further information on Impact Healthcare REIT is available at www.impactreit.uk.